Supermarkets, fast cars, and protection insurance

'I would argue this is a perfect example of an efficiency gap'

clock • 3 min read

Why do advisers spend so much time on underwriting? Protection expert Paul Yates says while assessing risk is crucial, there must be more streamlined and effective ways to achieve it…

Life insurance isn't often compared to cars that travel at 200mph. One is very fast, the other usually isn't.   In Formula 1, cars represent the pinnacle of technology. Pit stops are action-packed and they're a critical part of the race. The engineering team conduct vital checks and refuel, worn tyres are replaced (or tactically swapped). Speed is of the essence and any wasted time, even milliseconds, can be the difference between winning and losing. Everyone has a clear role where speed and accuracy are essential. In many ways, it is the perfect blend of people and machine. In pro...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Chesnara to close HSBC Life UK to new protection business

Chesnara to close HSBC Life UK to new protection business

Follows £260m acquisition

Jaskeet Briah
clock 04 February 2026 • 3 min read
Targeted support: FCA opens door to protection inclusion

Targeted support: FCA opens door to protection inclusion

Could help address protection gap

Cameron Roberts
clock 29 January 2026 • 2 min read
FCA Pure Protection Market Study: No interventionist remedies proposed

FCA Pure Protection Market Study: No interventionist remedies proposed

The regulator pledged to release its final report in Q3 2026

Cameron Roberts
clock 29 January 2026 • 4 min read